Lloyd's of London third-party managing agent Asta Capital Ltd. completed the sale of its managing general agency, Pelican Underwriting One Ltd., to Manchester Underwriting Mgmt Ltd.
Terms of the deal were not disclosed.
Launched in 2015, Pelican Underwriting specializes in writing solicitors' professional indemnity in England and Wales. Munich Re unit Great Lakes Insurance will continue to support Pelican Underwriting as its capacity provider.
